I will recommend Tradewisefx, I have been working with them since last 5 months, and I feel pretty satisfied with whatever I have been offered especially their ECN Pro account, I am allowed to open with 25 dollars investment, and so far it has been going well with no trouble over re-quotes or delays, which previously was huge trouble for me with certain brokers.
- #82
- Jan 5, 2016 2:37am Jan 5, 2016 2:37am
I will recommend Tradewisefx, I have been working with them since last 5 months, and I feel pretty satisfied with whatever I have been offered especially their ECN Pro account, I am allowed to open with 25 dollars investment, and so far it has been going well with no trouble over re-quotes or delays, which previously was huge trouble for me with certain brokers.
Most brokers offering low deposit threshold is bucketshops. Especially new ones, which don't have enough feedback and reputation to attract serious clients. My recommendation is Hotforex or FXCM, best brokers I've tried so far for scalping
{quote} Do you really think normal traders can be attracted by 25 min deposit?
- #87
- Jan 7, 2016 4:41pm Jan 7, 2016 4:41pm
{quote} But see you have said the important line here; it is majority offering low deposits are bucket shops, but what if TradeWiseFx company is not that? I am sure that is where things are different with TradeWiseFx, I believe they are a true ECN company, but of course its up to everyone to decide for it. Now about your recommendation, I believe there are enough stories about FXCM to be bit scared using it and as per HotForex, I have never used it, so now much to say there.
Anyway good luck in your doings.
{quote} Something tells me you're here to promote your bucketshop TradeWiseFx
- View Post
- Hidden for breach of Trader Code of Conduct
New Forex regulation from (SPK) CMB Capital Markets Board of Turkey
The new rules are on the map from 14 January 2016.
I can see on the turkish forex brokers began implementing new laws in their web pages.
After this regulation in Turkey I might say Turkish Brokers are reliable
)) 
A lot of changes made in the FX industry in Turkey. Here is in turkish : http://forexbrokerleri.com/yazi/spk-...urallari-ozet/
1- Before opening a Real Account, all candidates must use Demo account at least for 6 days and must have 50 deals on a Demo Account Platform, which is must be approved by Capital Markets Boards Union (Union). This way before opening a Real account, clients will see that, they can lose all their savings.
2- All the Demo Accounts and Real Account must have the same rules, same prices and same slippage and so on. The Union will approve the Forex platforms. Not approved platforms from the "Union" can not offered to the clients.
3- Account Management, Social Trading is forbidden. The Union won allow this kind an extras in the trading platforms.
4- Before Opening a Real Account,the Broker Companies must collect from new clients written declaration which says that, the process is risky and they may lose all of their deposits.
a. There will be two kinds of Clients Professional traders and Amateur trader)
Client who has more than 20000 TRY in their account, can use 1:100 leverage for EUR/USD for other instruments' the leverage is 1:50.
All client with less than 20000 TRY in their account will have max 1:50 leverage for forex and 1:25 for other instruments (oil, index, gold)
b. If there is sharp movements or gaps on market opening, Professional traders may have a negative balance and Brokers may ask to collect this amounts, but Amateur traders cannot have a negative balance, if they have one, Brokers cannot ask to collect this amount.
c. When there is Order cancellation, Professional traders orders may have cancelled, but Amateur traders orders wont be cancelled.
5- If there is slippage on the prices to against traders, there must be slippage on favor of the clients also.
6- Spread Back and any type of cash back Bonus or any type of provided resources to encourage the client to made more trades is forbidden.
7- All the Brokers must send their Buy and Sell prices with Spreads from Demo and Real account to Takas Bank, where they will be collected. If there is differences on the price or higher spread then normal, Brokers must gave an explanation to the Takas Bank.
8- All the Licensed Brokers from CMB of Turkey, must keep their clients money in Takas Bank. Takas Bank is a non profit Clearing Bank.
9- All the FOREX brokers must have on their web page information from every quotery:
a. Profited Clients against Loss Clients which is 12% and 88% information from SPK.
b. The owner of the companies, Ownership Relations
c. Liquidity Providers and Ownership Relations with them
d. Percentage of rejected orders to all orders
e. Detected differences and deviation on the prices as percentage
f. Complaints from client, how many complaints the Broker has and percentage of complaints from all the client number
10- All the advertisement text must be approved from the Union, for not approved adds there will fines.
The new rules are on the map from 14 January 2016.
I can see on the turkish forex brokers began implementing new laws in their web pages.
After this regulation in Turkey I might say Turkish Brokers are reliable
)) A lot of changes made in the FX industry in Turkey. Here is in turkish : http://forexbrokerleri.com/yazi/spk-...urallari-ozet/
1- Before opening a Real Account, all candidates must use Demo account at least for 6 days and must have 50 deals on a Demo Account Platform, which is must be approved by Capital Markets Boards Union (Union). This way before opening a Real account, clients will see that, they can lose all their savings.
2- All the Demo Accounts and Real Account must have the same rules, same prices and same slippage and so on. The Union will approve the Forex platforms. Not approved platforms from the "Union" can not offered to the clients.
3- Account Management, Social Trading is forbidden. The Union won allow this kind an extras in the trading platforms.
4- Before Opening a Real Account,the Broker Companies must collect from new clients written declaration which says that, the process is risky and they may lose all of their deposits.
a. There will be two kinds of Clients Professional traders and Amateur trader)
Client who has more than 20000 TRY in their account, can use 1:100 leverage for EUR/USD for other instruments' the leverage is 1:50.
All client with less than 20000 TRY in their account will have max 1:50 leverage for forex and 1:25 for other instruments (oil, index, gold)
b. If there is sharp movements or gaps on market opening, Professional traders may have a negative balance and Brokers may ask to collect this amounts, but Amateur traders cannot have a negative balance, if they have one, Brokers cannot ask to collect this amount.
c. When there is Order cancellation, Professional traders orders may have cancelled, but Amateur traders orders wont be cancelled.
5- If there is slippage on the prices to against traders, there must be slippage on favor of the clients also.
6- Spread Back and any type of cash back Bonus or any type of provided resources to encourage the client to made more trades is forbidden.
7- All the Brokers must send their Buy and Sell prices with Spreads from Demo and Real account to Takas Bank, where they will be collected. If there is differences on the price or higher spread then normal, Brokers must gave an explanation to the Takas Bank.
8- All the Licensed Brokers from CMB of Turkey, must keep their clients money in Takas Bank. Takas Bank is a non profit Clearing Bank.
9- All the FOREX brokers must have on their web page information from every quotery:
a. Profited Clients against Loss Clients which is 12% and 88% information from SPK.
b. The owner of the companies, Ownership Relations
c. Liquidity Providers and Ownership Relations with them
d. Percentage of rejected orders to all orders
e. Detected differences and deviation on the prices as percentage
f. Complaints from client, how many complaints the Broker has and percentage of complaints from all the client number
10- All the advertisement text must be approved from the Union, for not approved adds there will fines.
